Ethusd ended the sequence from 775.11 high and while below 832.37, we should see more downside towards 634.73-601.60 but we must see break of 691.99 as 775.11 holds. Now, the cycle from 832.37 high that ended at 691.99 is a corrective 3 waves down and could be enough. I don't like to sell here and will join buyers lower for a at least 3 waves bounce or higher. Difficult to buy current levels, it was 707ish or nothing.
Invalidation level to the upside is 358.40 Invalidation level to the downside is 832.37
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 06/05/2018-12/05/2018, I propose ETHUSD
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